Li Auto Inc. (NASDAQ:LI) does about 13.62M shares in volume on a normal day but saw 14595701 shares change hands in Friday trading. The company now has a market cap of 16.21B USD and an enterprise value of about $16.21B. Its current market price is $17.60, marking a decrease of -9.18% compared to the previous close of $19.38. The 52 week high reached by this stock is $24.48 whilst the lowest price level in 52 weeks is $14.31. The script in recent trading has seen the stock touch a high of $20.50 and a low of $17.60.
Li Auto Inc. (LI) has a 20-day trading average at $16.75 and the current price is -28.10% off the 52-week high compared with 22.99% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 15.17%, which decreases to 9.85% over 1 month.
7 analysts observing the Li Auto Inc. (LI) stock have set the 12-month price targets for the company’s shares at between $10.00 and $22.00. The consensus objective for the share price is $19.76, suggesting that the stock has a potential upside of 10.93% over the period. The median price target is 12.0% away from the current levels at $20.00.
FactSet Research has provided data showing that 7 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 5 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 24, 2020 when Morgan Stanley initiated the stock to “Overweight” and issued a price target of $20.
The current price level is 5.61%, 5.67%, and 5.67% away from its SMA20, SMA50, and SMA200 respectively, with the LI price moving above the 50-day SMA on August 28. Li Auto Inc. (LI) stock is up 17.18% over the week and 6.93% over the past month. Its price is 6.93% year-to-date.
The company’s next earnings report is expected on 09/02/2020, with forecasts estimating quarterly EPS at -$0.06 and -$0.35 for whole year. Expected sales for next quarter are $356.27 million, which analysts say will come at $1.23 billion for the current fiscal year and next year at $2.47 billion. In addition, estimates put the company’s current quarterly revenue at an average of $278.47 million.
Its 12-month price target is $20.00. To reach the target analysts have set, the stock logically needs to grow 10.93 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $10.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $22.00.
The company has a return on investment of 42.40%. Price to sales ratio is 98.35.